Market Information Monday 31 January 2022

This week, investors are gearing up for a series of corporate data amid macroeconomic purchasing manager indices, the US labor market and two European interest rate decisions. It could potentially be a volatile week. The AEX index stands at a loss of 6.7 percent year to date. The Nasdaq is down 13 percent. For the most part, technology stocks are declining due to higher interest rates, because of rising inflation.

Bitcoin has accounted for about one-sixth of the price fluctuations of the American stock market indicator S&P 500 since the corona crisis. This is according to a recent study by the International Monetary Fund. According to the IMF, sharp declines in bitcoin could make investors risk-averse and reduce investment in stock markets. The IMF advises haste in introducing regulation on the crypto markets to limit potential risks to the financial system.

The sanctions the United States and European Union would impose on Russia if it invades Ukraine could prove problematic for some of the largest Western oil companies. The sanctions could hinder access to specific equipment and knowledge for companies operating in Russia. For example, Shell and Exxon Mobil are jointly drilling for oil and natural gas in Russia and BP has an almost 20 percent interest in the Russian oil producer Rosneft.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.42% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.